Georgia Seeks Comment on Proposed Partnership and Pass-Through Entity Audit Regulations

Georgia is seeking comment on proposed partnership and pass-through entity audit regulations. The regulation provides guidance concerning the administration of federal income tax adjustments.

What is the Purpose of the Regulations?

The regulations are being proposed to implement legislation passed early in 2018. (TAXDAY, 2018/05/14, S.7) Georgia enacted requirements for reporting federal partnership and pass-through entity adjustments. The regulations would apply to tax years beginning after 2017.

When and Where Must Comments be Submitted?

Taxpayers should submit all comments no later than 10:00 a.m. on January 9, 2019. Written comment must be sent to: Georgia Department of Revenue, Attn: Notice Number IT-2018-7, 1800 Century Blvd. NE, 15th Floor, Atlanta, GA 30345. Electronic comments must be sent to regcomments@dor.gov. Facsimile comments must be sent to (404) 417-2293. Please reference “Notice Number IT-2018-7” on all comments.

The proposed rule can be viewed at: https://dor.georgia.gov/documents/proposed-rule-560-7-3-11-partnership-and-pass-through-entity-audits.

Notice IT-2018-7, Georgia Department of Revenue, November 29, 2018

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